Tel Aviv — August, 2016 — Sixgill, a cyber intelligence SaaS startup that analyzes the Dark Web, is announcing today its official public launch and the closing of a $5 million series “A” financing round led by Elron, a leading Israeli holding company dedicated to building technology companies. The new funds will be utilized to increase Sixgill’s ability to detect and defuse cyber-attacks and sensitive data leaks originating from the Dark Web before they occur, and to provide clients with this information through real-time alerts.
The Dark Web has become an encrypted and anonymous hub for nefarious activity. It is the source of many cyber-attacks and hacks, and facilitates the exchange of illicit information and collaboration on criminal and terrorist plans. Packed with difficult to find forums and pages, the Dark Web can be seen as a social network with different pieces of communications and data scattered across it. Due to its disparate nature, accessing information regarding an upcoming hack attack is very difficult.
Sixgill solves this problem by using proprietary algorithms and technology to connect the Dark Web’s dots, and provide actionable information enabling organizations to prevent attacks against them and their employees.
How It Works
Sixgill utilizes automated monitoring of closed, open, and hybrid Dark Web forums, where it collates and analyzes “big data” to create profiles and patterns of Dark Web users and their hidden social networks. This allows Sixgill to identify potential hackers based on their activities, and track them as they plan malicious and illegal activity. Sixgill sends its clients real-time alerts about these threats. Such information is critical to corporations, governments, and cyber security firms. Sixgill’s platform can also be used to identify sensitive data leaks, expose illegal marketplaces, and warn of physical attacks to organizations and individuals.
With a staff comprised of former officials from Israel’s elite intelligence units, Sixgill offers SaaS solutions to its customers through the cloud as well as through an on-site solution. Sixgill’s solutions are used by leading global financial institutions, telecom companies, governments and intelligence organizations. The company also provides solutions and services to other cyber security companies in different sectors.
Sixgill is a graduate of the Citi Accelerator in Tel Aviv, and is working closely with Citi mentors to adapt the product capabilities to the needs of large global enterprises. Sixgill’s initial funding was provided by Terra Venture Partners which also participated in the funding round led by Elron.
“Sixgill is the most innovative Dark Web intelligence platform and we’re leading the way in the first steps of cyber security, when the damage can still be avoided”, said Avi Kasztan, CEO and Co-founder of Sixgill. “We’ve created a team of top notch professionals from Israel’s elite intelligence units and companies with disruptive technologies, and the results speak for themselves. The funding will allow us to keep mastering and crawling the Dark Web while increasing our market share globally.”
Sixgill was founded in 2014 by Avi Kasztan and Elad Lavi, to detect and defuse cyber threats and attacks on organizations originating from the Dark Web. Sixgill is a graduate of the Citi Accelerator in Tel Aviv, and is working closely with Citi mentors to adapt the product capabilities to the needs of large global enterprises. Sixgill was also chosen among the top 5 most innovative companies at the Cybox competition at Cybertech in 2016. Sixgill has recently raised $5 million.
Elron is a leading Israeli holding company dedicated to building technology companies. Elron has significant holdings in a select number of start-up companies with disruptive potential, primarily in the medical devices and cyber fields. Elron creates value by taking leading shareholder stakes and providing a full range of operational and management support to its group companies.
About Terra Venture Partners
Terra Venture Partners is a leading venture fund focusing on impact investments and incubating novel technology companies. Terra has a portfolio of more than 20 companies with a number of game-changing solutions.